Posts by jasko

Optimism in the dry bulk sphere

Full steam ahead

Always accounting for the usual volatility which is of course an inherent element of the freight market, the bigger picture for dry bulk shipping rates remains positive in the short to mid-term. Robust demand for major dry bulk commodities, the need for stock rebuilding, the decade-low orderbook, market’s confidence depicted in the forward curve, environmental challenges, energy efficiency standards and their technological requirements, as well as forecasts for improved fleet utilisation rate over the next couple of years, all paint a positive picture for dry bulk shipping players to finally capitalise on a long-awaited market turnaround. https://www.drybulkmagazine.com/dry-bulk/22042…ry-bulk-sphere/

Baltic Dry Index Rises 1.48% to 2,750
Capesize +1.56% to $33,808
Panamax -0.13% to $22,840
Supramax 58k tons +3.03% to $22,411
Handysize +3.05% to $17,316

U 5. mjesecu napadamo kotu 3000..........

Capes party like it’s 2008

“Given the historically low orderbook, very limited demand growth is needed to significantly improve fleet utilization and potentially push dry bulk earnings into super-cycle territory going forward,” Cleaves stated in a report out earlier this week. Cleaves’s high case scenario sees capes averaging $70,000 a day in 2022. https://splash247.com/capes-party-like-its-2008/

Ako netko nije pročitao, evo još jednom.....

Special report: Decarbonisation https://lloydslist.maritimeintelligence.informa.com/Special-Report…Decarbonisation

Cape 180 dwt 5 tc Index + 1,6% $33808: (UP 518)

Atlantic Supramaxes entered the new trading year with salvo; time-charter rates for all major trading routes in the Atlantic surged to multi-year highs during what is typically a depressed quarter, fuelling optimism for the coming months. This unforeseen boom in freight rates – which has drawn comparison to the historic bull market of 2006-07 – was underpinned by chronic under-supply of tonnage in the Atlantic, combined with nascent recovery from the coronavirus-induced slump in major dry bulk commodity markets. Such unseasonably strong freight-market performance was especially startling considering dry bulk’s calamitous 2020 following global economic slowdown as a result of the coronavirus pandemic, giving further cause for optimism in the Atlantic Supramax market in 2021. https://www.spglobal.com/platts/PlattsC…ing-system.html

CHART OF THE DAY: The USDA attaché in Beijing has lifted their forecast for 2020-21 Chinese corn imports to 28 million tonnes (+4m above WASDE latest estimate). Corn prices have hit a fresh 8-year high

Weekly Dry Time Charter Estimates

With today's strong #Capesize index, the market is currently trading at the highest seasonal level since 2008.

Well, Well, Well... 30k + Capesizes Again! But Is This Time Different? https://www.breakwaveadvisors.com/insights/2021/…-time-different

Baltic Dry Index Rises 9.63% to 2,710
Capesize +16.19% to $33,290
Panamax +5.52% to $22,870
Supramax 58k tons +2.71% to $21,751
Handysize +1.89% to $16,804

Quote from Manu

cape up 16.2%

BCI 5TC 33290 + 4638

Capesize dry bulk earnings break record on the back of strong 2021-start https://www.hellenicshippingnews.com/capesize-dry-b…ong-2021-start/

Even more contango in near term bulk forwards (FFA's).

Who is excited for new $BDI decade highs today?

Shipping rate $Inflation.

BDI at decade highs (on weaker season) with dry bulk orderbooks-to-active fleet ratio at multi-decade lows = opportunity https://braemarscreen.com/home

Spot iron ore price jumped to a 10-year high since Feb 2011, amid concentrated demand for mainstream medium to high-grade fines from Chinese buyers. The price for Fe 62% fines yesterday surged by $6.55/t to $187.75/t CFR China. https://www.steelmint.com/intel/spot-iro…from-china-5382                                                                                                                                                               

short t/a r/v via narvik done on voyage 45-47k region

index 25k

early index calls #drybulk #shipping #Capesize +3000 to +4000

Capes Index $28652: Apr 29000 +850 May 35000 +2600 June 31300 +2150 Q2 31750 +1850 Q3 28150 +1100 Q4 24800 +1050 Cal22 19350 +500 Cal23 17700 +200

Mind the gap!

May Cape trading up to $35K on London open

Brodarski analitičar Petter Haugen vjeruje da postoji velika vjerojatnost da će 2021. godine stope Capesize popeti na preko 100 000 USD dnevno. https://finansavisen.no/nyheter/shippi…-capesizeratene

Ovako će i naši panamaxi za koji mjesec............. 1-year panamax containership charter rates are now above $40k/day